Press release
Geothermal Heat Pump Market to grow at a CAGR of 12.04% during the period 2017-2021
Geothermal Heat Pump
Geothermal heat pump systems consist of the heat pump unit, the ground heat exchanger, and the air delivery system (ductwork). The heat exchanger has a system of pipes called a loop, which is buried in the ground near the building. Fluid will circulate within the heat exchanger system. The pump exchanger either takes the heat from the building and transfers it to the ground or absorbs the heat from the ground and uses it to warm the house. The main advantage of geothermal heat pumps is that they use the stable underground temperature to increase the efficiency and decrease the operational cost of the cooling and heating systems.
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BMR’s analysts forecast the global geothermal heat pump market to grow at a CAGR of 12.04% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global geothermal heat pump market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Global Geothermal Heat Pump Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Lay eyes on complete report @ http://www.bigmarketresearch.com/global-geothermal-heat-pump-2017-2021-market
Key vendors
• Carrier Corporation
• Danfoss
• Mitsubishi Electric
• NIBE
Other prominent vendors
• BDR Thermea
• Hitachi Appliances
• LSB Industries
• SIRAC
Market driver
• Rising global energy consumption coupled with recovery in the housing sector.
• For a full, detailed list, view our report
Market challenge
• Competition from refurbished pumps.
• For a full, detailed list, view our report
Market trend
• Federal tax credits for retrofitting.
• For a full, detailed list, view our report
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